But I remember being widely and hardly pummeled by several so wise FReepers when I expressed my doubt that Fracking was going to save the whole US economy by itself!! How can this be?
“I expressed my doubt that Fracking was going to save the whole US economy by itself!! How can this be?”
If the price of oil had stayed at a profit making cost, they would be right. However, all fracking stopped months ago due to the low price of oil - fracking drilling costs more than normal oil well drilling. The engineer I know who worked for Baker Hughes, sitting at their wells to fix any computer problems, was laid off three or four months ago. He hopes to teach physics at a community college for this fall. If that doesn’t work out, he has a job problem. There are many more like him who are out of work now.
You were correct.